Trade.io Project and ICO Review

What is Trade.io?

Trade.io is a blockchain based project that aims to transform the global trading system. While a lot of projects in the space focus on cryptocurrencies, Trade.io also plans to offer Forex trading and CFDs (Contract For Differences). The added integration will only help Trade.io expand their customer base and become a very profitable business.

By using blockchain technology, Trade.io will be able to reduce fees and inefficiencies that plague the current trading system. If you are not familiar with blockchains, just know that they allow for the transfer of assets in a near instant and trustless fashion. The team is using their experience with FinTech, finance, trading, and investment banking in conjunction with blockchains to build a platform that is needed in this space.

The biggest piece of the project is the liquidity pool. It also serves as one of the biggest benefits of holding TIO. 50% of the daily revenues or losses will be paid or debited from the liquidity pool. Participants will receive their portion of the distribution on a daily basis. The revenues that feed into this liquidity pool are spreads, commission, aggregation, risk positions, margin interest, and transaction & placement fees. There will be a minimum of 500 TIO to participate in the liquidity pool.

The Trade Token (TIO)

The Trade Token is a utility token that enables efficient transactions of a wide range of assets on the trade.io exchange. The TIO tokens can also be used to participate in the shared liquidity pool. Joining this shared pool allows you to receive daily pay-outs (or debits if there are losses). These payouts will be made to your Trade.io wallet in both fiat and cryptocurrency.

The TIO tokens are ERC-20 compliant tokens, so you will need an Ethereum wallet to hold them. If you do not have one, check out my easy guide here to get one! The trade.io platform will also have a wallet you can store TIO in!

Trade.io ICO Details

The Pre-ICO allows for payment by local bank deposit, international bank wire, and Ethereum (ETH). The actual ICO will only accept ETH for payment. The pre-ICO runs from 11/7/2017 through 11/25/2017, and the ICO runs from 11/28/2017 through 12/15/2017. TIO will be distributed within 30 days following the ICO, which means you should receive your tokens by 1/15/2018. All unsold tokens will be burned.

Here is the pricing for their TIO token:

Note that the pricing for the ICO will go up as the sale continues.

A total of 500,000,000 million TIO will be created, with 275,000,000 being sold to the public. This means over half (55%) will go to the public. A large portion is also being held back for the liquidity pool. Here is a chart from their white paper showing the distribution of tokens:

Trade.io Team

The team is strong, very strong. Their CEO has over 20+ years of international business experience along with a strong background in investment banking and deep private equity. Their VP of Institutional Sales has over 17 years of experience in Forex institutional sales. Once of the board members is the founder, chairman, and CEO of NewCity Capital LLC, as well as co-owner of the largest integrated resort in Vietnam. This is just the tip of the iceberg, be sure to check their team page here to read more about them.

FXPRIMUS and Primus Capital Markets UK have endorsed the project and are committed to incorporating the trade.io platform once it is ready. These are 2 strong players and add a lot of credibility to the trade.io project.

FXPRIMUS is a successful and profitable brokerage business that specializes in Forex and CFD trading. They have been in business for over 9 years and are headed by Fx Primus Europe (Cy) Ltd, which is licensed and regulated in the EU. They also maintain expert international compliance teams, which is crucial when working with these new blockchain platforms.

Primus Capital Markets UK is a Financial Conduct Authority (FCA) regulated firm. They focus on attracting large traders who value and require the benefit that comes with strict security. Since 2008, Primus Capital Markets UK has been focused on FX and CFDs.

Summary:

Everyone knows that blockchains are going to revolutionize all aspects of finance, including global trading. This means the trade.io project is working towards a much-needed platform that has a lot of potential to draw users and be profitable. The attention they give to legal compliance is also noteworthy and inspires confidence in the project. Add in the vast experience in these industries that the team brings, and you have the ingredients for a successful project. More detail can also be found in their BitcoinTalk announcement thread here.